What is Employees Provident Fund Organisation(EPFO)?
EPFO stands for Employees’ Provident Fund Organisation. It’s a statutory body backed by the government of India that helps employees save money for their future. When you work for a company, a small part of your salary gets saved every month in your EPF account. Your employer also adds an equal amount. This money is like a retirement savings fund, and it earns interest over time. You can withdraw this money when you retire or in special situations like buying a house, medical needs, or if you leave your job.